Abra, along with CEO William “Bill” Barhydt, recently settled with 25 US state regulators for offering crypto trading services without the necessary licenses. The settlement, announced by the Conference of State Bank Supervisors (CSBS) on June 26, involved the regulators forgoing monetary penalties in exchange for $82 million in customer repayments. Settlement Details As part
Recently, Nigeria’s Securities and Exchange Commission (SEC) issued a 30-day ultimatum for crypto exchanges and digital asset traders to re-register their businesses. This ultimatum was accompanied by a warning of enforcement actions against those who fail to comply. The SEC introduced the Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers (VASPs) as part
Bitcoin, the pioneer cryptocurrency, is currently facing a critical juncture in its journey as it struggles to maintain its price above the $61,000 support level. This comes after a remarkable surge in the first half of 2024, where it breached the significant $71,000 mark, eliciting appreciation and speculation from the investor community. Conflicting Views The
Bitcoin recently faced a significant rejection at the $62,498 resistance level, highlighting the prevailing bearish dominance in the market. This failure to break through a critical threshold has raised concerns about potential downward trends. The rejection at this key level signals caution among traders and investors, prompting a reassessment of market strategies. As of the
Aayush Jindal is a distinguished figure in the financial markets, with a wealth of experience spanning over 15 years in the domains of Forex and cryptocurrency trading. His reputation as an expert in providing technical analysis has solidified his role as a trusted advisor and senior market expert for investors worldwide. From a young age,
Aayush Jindal is a prominent figure in the world of financial markets, with over 15 years of experience in Forex and cryptocurrency trading. Known for his expertise in technical analysis, Aayush has established himself as a trusted advisor and senior market expert, guiding investors through the complexities of modern finance with his keen insights and
Spot Bitcoin ETFs have recently been experiencing a worrying trend of outflows for seven consecutive days. These outflows seem to be directly correlated with the decline in the Bitcoin price, indicating that institutional and miner sell-offs could be driving the downward pressure. The outflows have amounted to around $100 million daily, resulting in a total
Ethereum price recently initiated an upward movement from the $3,240 support zone. Despite this positive development, the price is currently trading below the $3,420 level and the 100-hourly Simple Moving Average. There is a significant bearish trend line in formation, presenting resistance near $3,410 on the hourly chart of ETH/USD. For Ethereum to continue its
A US bankruptcy court recently approved FTX’s proposal to solicit votes on a liquidation plan that involves paying customer claims in cash. This plan is based on crypto prices at the time of FTX’s collapse in November 2022, which has sparked controversy among customers seeking higher payouts due to the rise in crypto prices since
The once high-flying crypto market is now facing a period of uncertainty as Bitcoin, the dominant force in the digital landscape, leads the way in a significant retreat. After reaching dizzying heights above $73,000 earlier this year, Bitcoin has taken a sharp downturn, pulling the entire crypto ecosystem along with it into a cold and